About Us
Yemen Private Sector Cluster [YPSC] was established and launched in January 28, 2019. The cluster is composed of representatives of the major private sector entities including the chambers of commerce from all regions of the country and key business management associations. The YPSC aims to align and coordinate the efforts of the Yemeni private sector in the ongoing humanitarian, development, recovery and reconstruction efforts giving it a voice in economic decision making. It is a platform linking the private sector to the government, national, international agencies and the UN to create strong strategic partnerships in emergency, peace building and stabilization efforts. This is achieved through conducting several meetings and events to meet all influencing stakeholders and share YPSC objectives, mechanism and forward actions to achieve its goals protecting Yemen business organizations and reducing the risks of the conflict.
Vision
We aim to strengthen the role of the Yemeni Private Sector in the economic development of Yemen.
Mission
To mobilize private sector capacities in economic policy making, humanitarian and development efforts, recovery and reconstruction efforts
To build strong and effective private sector partnerships with influential policy makers including public sector, donor, international and local organizations.
Our Objectives
Engaging the private sector in economic policy-making.
- Involving the private sector cluster in key roles of developing the economic file and ensuring its participation in the negotiations around it.
- Coordinating with the cluster to neutralize economic enterprises from the effects and repercussions of the conflict.
- Coordinating with the private sector to be represented on the boards of key official economic and productive institutions which are relevant to the private sector.
Enhancing the role of the private sector in humanitarian and development efforts.
- Involving the private sector cluster in decision making process on aid interventions such as designing humanitarian programs and projects submitted by donors and official bodies before their adoption and implementation.
- Aid programs should contribute to the promotion and revitalization of the economy and markets and should not cause harm to the private sector. This can be done through promoting local procurement of aid items and service delivery to revitalize the economy.
Engaging the private sector in recovery and reconstruction programs and efforts.
The private sector requests to be a key and influential partner in drawing up strategies, policies and programs for the recovery and reconstruction phases and establish an investment and development funds that will contribute to the reconstruction and recovery. These funds will be managed by an independent body, with a representation of the private sector suggested as:
- Reconstruction Fund: Establishment of a reconstruction fund to support the recovery and reconstruction efforts with activities and support allocated to supporting the private sector play a vital role in these efforts.
- Investment Fund: Establishment of an investment fund in partnership with the private sector, donors and government/official bodies to support the financing of investments in infrastructure.
- Investment Guarantee Fund: Establishing an investment guarantee fund that will provide guarantees to the private sector, local and international investors to invest in Yemen.